Affordable rental housing OK’d for South Bronx

Developer obtained rezoning in order to build 175-unit, mixed-income, affordable housing project. On June 9, 2010, the City Council approved CBC Associates and the South Bronx Overall Economic Development Corporation’s proposal to rezone an entire block in the Crotona Park East section of the Bronx from C8-3 to R7- 1/C2-4 to facilitate the development of an eight-story, affordable housing project. The developers will construct the building on a 48,992 sq.ft. lot at 1825 Boston Road between East 176th and East 175th Streets. The City had used the site as a bus and trolley repair facility until CBC Associates purchased the property through a formal RFP process.

The project will provide 174 rental units that will be available to households earning between 65 and 80 percent of area median income, 29,629 sq.ft. of ground floor retail space, 100 below-grade accessory parking spaces, and a 27-space surface lot for tenants. The developers plan to participate in the New York State Energy Research and Development Authority’s Multi-Family Performance Program, which offers subsidies to energy-efficient buildings. The $57 million project will receive financing from several public sources, including the Department of Housing Preservation and Development and the Bronx Borough President’s Office.

Bronx Borough President Ruben Diaz Jr. had concerns about the project’s affordable housing component. Diaz said the project originally included a home-ownership component that was later replaced with the rental component. Noting the need to diversify economically the project and the neighborhood, Diaz conditioned his approval on the inclusion of rental units affordable to households earning between 90 and 100 percent of area median income.

The City Planning Commission unanimously approved the proposal. At the Commission’s hearing, Commissioner Anna Levin asked Neil Pariser, senior vice president of the Bronx Development Corporation, about Diaz’s report. Pariser said that they were working with HPD to determine whether including residents at a higher income range would be possible.

When the proposal reached the Council’s Zoning & Franchises Subcommittee, Chair Mark Weprin asked Pariser about Diaz’s recommendation. Pariser said funds were not currently available to create ownership opportunities, but hoped funds would become available before financing was finalized.

ULURP Process
Lead Agency: CPC,Neg.Dec.
Comm.Bd.: BX 3,App’d, 22-0-1
Boro.Pres.: App’d
CPC: App’d, 12-0-0
Council: 50-0-2

Council: Crotona Terrace Rezoning (N 080157 ZMX – rezoning) (June 9, 2010) (Architect: Hugo S. Subotovsky AIA Architects LLC).

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